This Author Called For A Student Loan Boycott, And CNBC Was Not Having It

Lee Siegel, an author who defaulted on his student loan debts, appeared on CNBC’s morning talk show “Squawk Box” on Monday to defend his choice. It would have been hard for him to find a less sympathetic audience.

Facing the finance program’s three co-hosts, Siegel presented an argument rooted in the world of business: Many of the country’s most famous multimillionaires, including Donald Trump and Ahmed Zayat, the owner of Triple Crown-winning horse American Pharaoh, have declared bankruptcy. So why, he asked, is it only an issue of morality when it comes to students?

The short answer from the hosts: It just is.

9 thoughts on “This Author Called For A Student Loan Boycott, And CNBC Was Not Having It

  1. my daughter paid off her student loans by stripping and prostituting
    legally in nevada, and she is debt free now.

  2. I think his message on the need for social reform in regards to how student
    loan debt is handled and just how much we are charged for the price of
    education is correct, but he is such a poor speaker that I do not think
    that this is the correct man to be heralding the message for the masses.

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